How Much Tax Is Avoided Using British Protectorates?

About a quarter of the globes tax havens are British Protectorates. It’s arguable that the City of London itself is a tax haven. Soon, Theresa May might turn the whole of the UK into a tax haven. The Panama Papers scandal, from which the UK’s own Prime Minister David Cameron profited, showed us that when it comes to international tax evasion, the UK & its protectorates are the epicentre.

The whole nation was sold the line in the 2010 General Election that Gordon Brown somehow crashed the global economy by building too many schools and hospitals in the UK. Not enough of the British people believed that in 2010 to give David Cameron the victory, so Nick Clegg and his Liberal Democrats fig leafed the tories into power, foisting them on the country.

“We’re all in this together” – David Cameron

David Cameron, himself implicated in profiting from the Panama Papers scandal, was as interested in collecting taxes as he was in respecting democracy.

In 2015, the Tories had to resort to#ToryElectionFraud to gain power. This means the political policy of Austerity, designed to punish those the tories see as their enemies – Doctors, nurses, teachers & other public servants, as well as the poor and disabled – has been imposed on us without our democratic mandate. As if that were not bad enough, it is also clearly the wrong economic strategy to have adopted.

“THERE’S A WONDERFUL BOOK CALLED ‘TREASURE ISLANDS’, THE ESTIMATE IN THAT IS THAT IF YOU GO TO ALL THE TAX HAVENS IN THE GLOBE YOU GET $29 TRILLION.

I’LL SAY THAT AGAIN $29,000,000,000,000.

THAT’S A LOT OF REDISTRIBUTION YOU CAN DO – AND IT IS ALL BASICALLY MONEY WHERE PEOPLE HAVE AVOIDED TAX. IF THE COMMUNITY CHEST AGREEMENT IS ‘YOU MAKE IT HERE, YOU PAY YOUR TAXES’, WELL WE’RE MAKING MONEY EVERYWHERE AND WE AREN’T PAYING ANY TAXES.” – MARK BLYTH

Our national debt has grown, so has the budget deficit, Austerity has completely failed to balance the books and we aren’t collecting tax. Anyone who voted for the Tories on the basis of their ‘economic competence’ take note – the Conservatives are part of the reason there is £21 trillion in unpaid tax squirrelled away in tax havens.

Our nations debt profile under the Tories has gotten worse, not better, precisely because we cut the meat, the flesh and bones, from our economy at exactly the time we were and are one of the safest investments for international finance to go to do business.

And they say these people are seen as a “safer pair of hands” with the economy than The Labour Party, whose Shadow Chancellor John McDonnell, unlike the entire Tory front bench, actually has experience of balancing a budget. This brings the lie to the line we were sold the day this charade of a Government was foisted on us to botch Brexit :

“I want a country where everyone plays by the same rules and where every single person, regardless of their background or that of their parents, is given the chance to be all they want to be.” – Theresa May